Hyderabad, January 17: The two year Telangana agitation has taken its toll on the name Hyderabad has earned as the best industrial destination. In the proposals received by the government at the recent International Partnership Summit, industrialists had clearly shown their disinclination to invest in Hyderabad and surrounding areas.
Of the 38 projects costing over Rs. 5,000 crore that were grounded at the Summit, 34 are in Coastal Andhra and Rayalaseema regions. Of the 172 project proposals received, 126 are to be located away from the Telangana region. Analyzing the situation, experts say that by 2020, Hyderabad and its surrounding areas would be passé and all industrial development would happen in the coastal Andhra and Rayalaseema regions.
—-Agencies